Tradelite joins the LACChain Global Alliance during the SNBX Innovation Summit 24

To collaborate on fostering the adoption of blockchain technology and the democratization of knowledge surrounding innovation in Latin America and the Caribbean.

With the signing of an MOU at the SNBX Innovation Summit 24 held on April 11th in El Salvador, Tradelite has become the newest partner of the the LACChain Global Alliance. Tradelite´s mission revolves around leveraging web3 gaming and AI technologies to create financial education that empowers individuals with financial literacy while promoting inclusivity.

The partnership is announced based on the common goal of promoting financial innovation as a tool to create impact and contribute to a more equitable world.

Both LACChain and Tradelite recognize the importance of dispelling myths and promoting widespread understanding and adoption of blockchain technology and Web3. To achieve this goal, they have committed to collaborating in the promotion of Mogaland, an innovative Web3 platform. Mogaland hyper-gamifies the learning experience, translating intricate financial concepts into interactive and rewarding gameplay.

Among some of the objectives of the Alliance are:

• Develop interactive educational modules in Mogaland to enhance financial knowledge in Latin America and the Caribbean.
• Designing and approval of regional financial content that showcase LACChain and IDB Lab.
• Collaborate for blockchain integration in Mogaland, educating on digital finance using digital assets like NFTs.
• Organize and promote digital events.

Irene Arias Hofman, IDB Lab’s CEO, commented that “Alliances like this one favor the mass adoption of blockchain technology, which has shown great potential for reducing gaps and promoting financial inclusion by providing opportunities for access to financial services to individuals excluded from formal systems, thus improving their quality of life”.

On the other hand, Tracy Chang, CEO and co-founder of Tradelite Solutions, commented that “Our founding of Tradelite stems from decades in B2C banking and fintech, revealing a global gap in financial literacy, widening by the advent web3 finance. Mogaland, our innovative hyper-gamified financial education platform, is designed to bridge this divide. Through ground-breaking ‘web3 financial edutainment,’ we’re not just aiming to educate; we’re inspiring a revolution in financial empowerment. Our partnership with LACChain is a game-changer, linking Tradelite to IDB Lab’s vast ecosystem in Latin America and the Caribbean, a region motivated to combating financial illiteracy and exclusion. Through this collaboration, we are advancing our mission to empower individuals by providing accessible and engaging financial education in the web3 era!”

With the incorporation of Tradelite Solutions GMBH (Tradelite), the LACChain Alliance is now comprised of 67 allies from the blockchain environment. Together, all these actors support public-private partnerships and blockchain-based solutions in 18 countries in the region, including more than 100 projects, 82 of them with an impact on inclusion, with 264 nodes and 156 entities that execute nodes in a history of more than 120 million blocks.

Learn more about Tradelite:

Tradelite Solutions is a company whose solution is to enable financial literacy education with web3 gaming ecosystems, and generate data that can empower users and businesses to improve financial inclusion.

They combine fun and immersive gaming experience with real financial knowledge and live market data to achieve Play-to-Learn

For more information visit: https://tradelite.de/

Learn more about MOGALAND:

MOGALAND is more than just a game; it’s an innovative Web3 platform that converts complex financial concepts into compelling gameplay experiences. Each level in the game corresponds to a new achievement in financial understanding, reflecting real-world economic progress. Inspired by the UN Sustainable Development Goals, MOGALAND is devoted to making financial knowledge accessible and promoting economic inclusion.

For more information about MOGALAND, please visit https://mogaland.io.

Learn more about IDB Lab:

IDB Lab is the innovation and venture laboratory of the Inter-American Development Bank Group. Our purpose is to discover new ways to drive social inclusion, environmental action and productivity in Latin America and the Caribbean. IDB Lab leverages financing, knowledge and connections to support early-stage entrepreneurship, foster the development of new technologies, activate innovative markets and catalyze existing sectors.

For further information, please visit: www.idblab.org

Learn more about LACChain:

LACChain is a global alliance made up of different actors from the blockchain environment, led by the Innovation Laboratory of the Inter-American Development Bank Group (IDB Lab) for the development of the blockchain ecosystem in Latin America and the Caribbean.

For further information, please visit: www.lacchain.net